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Cable breaks major resistance 1.5060, targets 1.5230

Major resistance - 1.5060 Any break above 1.5060 will take the pair till 1.5100/1.5160/1.5200. On the downside support is around 1.5000 and break below targets 1.4950/14900 level.Short tern bearish invalidation only abov…

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Cable breaks major resistance 1.5060, targets 1.5230
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  • Major resistance - 1.5060
     
  • Any break above 1.5060 will take the pair till 1.5100/1.5160/1.5200.
     
  • On the downside support is around 1.5000 and break below targets 1.4950/14900 level.Short tern bearish invalidation only above 1.5250 level.

It is good to buy above 1.5060-65 with SL around 1.5000 for the TP of  1.5160/1.5200/1.5230

 

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